3 / 5 Stars
5 5 1 2 2
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 7 Preferred Stock Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 9.08 percent over the past year, 9.06 percent over the past three years, and 14.70 percent over the past five years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||7.4%|
|3 Years (Annualized)||9.1%|
|5 Years (Annualized)||14.7%|
|10 Years (Annualized)||N/A|
The investment seeks a high level of current income and total return. Under normal market conditions, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in preferred securities. It intends to invest at least 25% of its assets in the preferred securities of companies principally engaged in financial services. The fund normally invests at least 60% of its net assets in securities rated investment grade. It may invest up to 40% of its net assets in securities rated below investment grade. The fund is non-diversified.
Fees are High compared to funds in the same category.
Nuveen Preferred Securities Fund has an expense ratio of 1.82 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.